AP NEWS
ADVERTISEMENT

Consolidated Water: 2Q Earnings Snapshot

August 14, 2020 GMT

GRAND CAYMAN, Cayman Islands (AP) _ Consolidated Water Co. (CWCO) on Friday reported a second-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had a loss of 7 cents. Earnings, adjusted for asset impairment costs, were 13 cents per share.

The developer and operator of desalination plants posted revenue of $19.1 million in the period.

Consolidated Water shares have dropped 23% since the beginning of the year. In the final minutes of trading on Friday, shares hit $12.59, a decrease of 12% in the last 12 months.

ADVERTISEMENT

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWCO at https://www.zacks.com/ap/CWCO